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How can banks use sports sponsorships to attract new customers?
Challenge Type: ideation
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$1,600
top 25%
82/300
spots taken
DONE
19 months

Many banks are known for their sponsorship of major professional sports. In fact, these sponsorships can oftentimes be large enough to justify naming the team's stadium after the bank sponsor. We are interested in new ways bank sponsors can entice new customers to open accounts by leveraging their sponsorships with professional sports teams. These ideas or incentives can tie directly to the sports teams, or could focus on incentives or benefits that are indirectly related to the sports team (ex. discounts on sports gear, better tickets for concerts happening at the stadium, etc.)

Deliverables
  1. How can a bank sponsor of a professional sports team incentivize consumers to open accounts with them?

    • What are the specific incentives you would offer?
    • How does the incentives leverage the existing sponsorship with the sports team?
  2. Who would be the target consumer for your incentive ideas?

    Submissions will be graded on the following criteria:
  • 1-10 Scale
Reward Tiers
Top 5%
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Next 7.5%
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Next 12.5%
will share $200
Actual individual rewards will be based on the total number of eligible solutions.
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Submission questions


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How can a bank sponsor of a professional sports team incentivize consumers to open accounts with them?

  • What are the specific incentives you would offer?
  • How does the incentives leverage the existing sponsorship with the sports team?
(Required)

Who would be the target consumer for your incentive ideas?

(Required)
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